The Last E-mini Standing (by SB)

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While three of the four E-mini Futures Indices have broken below the bottom of
their uptrending channel, which began in June of this year, the
TF is still (just) holding within, as shown on the
Daily charts below…the one to watch for signs of increasing
weakness over the next few days.


As of Thursday's
close, momentum is still below the zero level on the following three
Daily ratio charts of the SPX,
RUT, and NDX vs. their respective Volatility
Indices. Price action over the past 5+ days looks like a bear flag…watching
for a break and hold below the bottom of the flag and the resumption of an
acceleration in volatility momentum.